Storage Deluxe signs $14.6M acquisition loan with Wells Fargo for industrial in Washington Heights

Storage Deluxe through the entity 308 Dyckman Street LLC as borrower signed an acquisition loan with lender Wells Fargo Bank valued at $14.6 million for the industrial (F2) building at 302 Dyckman Street in Washington Heights, Manhattan.
The deal closed on June 15, 2021 and was recorded on July 6, 2021.
The property has 39,264 square feet of built space and 0 square feet of additional air rights for a total buildable of 37,000 square feet according to PincusCo analysis of city data. The loan price per built square foot is $370 per the PincusCo analysis.
The owner bought the property on 24-Jun-21, for $15.2 million.
The signatory for Storage Deluxe was Steven A. Novenstein.

Steven A. Novenstein is president and co-founder of Storage Deluxe.
Within a 400-foot radius of 302 Dyckman Street, PincusCo identified two commercial real estate items of interests occurred over the past 24 months.

One of those two items was a loan which David Edelstein borrowed $8.5 million from JPMorgan Chase Bank secured by the 70,102-square-foot, 69-unit rental (D1) on 1781 Riverside Drive on March 15, 2021.

Direct link to Acris document. link